Welcome to our dedicated page for Cognex news (Ticker: CGNX), a resource for investors and traders seeking the latest updates and insights on Cognex stock.
Cognex Corporation (NASDAQ: CGNX) delivers machine vision systems that power industrial automation worldwide. This page provides investors and industry professionals with timely updates on the company’s strategic initiatives, product developments, and market positioning.
Access official press releases, earnings announcements, and analysis of Cognex’s innovations in AI-driven inspection systems and smart manufacturing solutions. Our curated news collection helps stakeholders track operational milestones, including technology partnerships, manufacturing expansions, and industry recognition.
Key updates include vision system advancements, automation software releases, and global manufacturing trends impacting Cognex’s market strategy. Bookmark this page for streamlined access to critical updates affecting the company’s role in quality control, logistics automation, and Industry 4.0 adoption.
Cognex (NASDAQ: CGNX) will report its second quarter 2024 earnings on July 31, 2024, after the market closes.
The company will hold a conference call to discuss the results on August 1, 2024, at 8:30 a.m. Eastern Daylight Time (EDT).
Details for accessing the call and a subsequent replay are available on the Cognex Investor Relations website. Investors can join the live call by dialing (877) 704-4573 or (201) 389-0911 for international participants.
Cognex reported financial results for the first quarter of 2024, showcasing a stable business environment despite a year-on-year decline in revenue. The company launched an AI-enabled 3D vision system and is progressing on strategic initiatives to capitalize on industry trends.
Revenue for Q1-24 was $211 million, up 5% from Q1-23. Operating income decreased by 36%, and net income per diluted share dropped by 53% year-on-year. Cognex's financial position remains strong with $557 million in cash and investments and no debt.
Cognex (NASDAQ: CGNX) declared a quarterly cash dividend of $0.075 per share, payable on May 30, 2024, to shareholders of record on May 16, 2024. Cognex is a global leader in machine vision products, aiding automation in manufacturing and distribution.
Cognex announced the appointment of Dennis Fehr as Senior Vice President of Finance and Chief Financial Officer, effective May 3, 2024. Fehr brings over 20 years of global experience across manufacturing, technology, and energy industries. He will lead Cognex's global finance and information technology organizations, reporting to the President and CEO, Robert J. Willett.
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